JISLDVREQSNSEQ2 FY2312 November 2022

Jain Irrigation Systems Limited

3,016words
2turns
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0executives
Key numbers — 40 extracted
3%
» » Despite weak global cues, the Company has shown resilience as reflected in consolidated 3% 16.1 billion (EBITDA margin 10.3%) for the quarter. Further, on a half yearly revenue of basis, t
16.1 billion
» » Despite weak global cues, the Company has shown resilience as reflected in consolidated 3% 16.1 billion (EBITDA margin 10.3%) for the quarter. Further, on a half yearly revenue of basis, the consolidat
10.3%
cues, the Company has shown resilience as reflected in consolidated 3% 16.1 billion (EBITDA margin 10.3%) for the quarter. Further, on a half yearly revenue of basis, the consolidated revenue grew 6.7%
6.7%
10.3%) for the quarter. Further, on a half yearly revenue of basis, the consolidated revenue grew 6.7% to reach & 36.5 billion (EBITDA margin 11.9%) Margins have been adversely impacted due to volatil
36.5 billion
uarter. Further, on a half yearly revenue of basis, the consolidated revenue grew 6.7% to reach & 36.5 billion (EBITDA margin 11.9%) Margins have been adversely impacted due to volatility in polymer prices. T
11.9%
early revenue of basis, the consolidated revenue grew 6.7% to reach & 36.5 billion (EBITDA margin 11.9%) Margins have been adversely impacted due to volatility in polymer prices. This is seasonal and
12.7%
ry) thence TTL AGE: Tia ey) Le Revenue EBITDA Margin PAT Cash PAT 6,028 766 12.7% 123 251 6,385 931 14.6% 379 9 5.6% 17.7% . . . 14,646 1,861 12.7% 1
14.6%
Le Revenue EBITDA Margin PAT Cash PAT 6,028 766 12.7% 123 251 6,385 931 14.6% 379 9 5.6% 17.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6%
5.6%
BITDA Margin PAT Cash PAT 6,028 766 12.7% 123 251 6,385 931 14.6% 379 9 5.6% 17.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6% 594 189 9.7
17.7%
Margin PAT Cash PAT 6,028 766 12.7% 123 251 6,385 931 14.6% 379 9 5.6% 17.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6% 594 189 9.7% 4.7%
9.7%
.6% 17.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6% 594 189 9.7% 4.7% . . . Page 7 Financial Highlights - Standalone Revenue 6,028 Mn
4.7%
7.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6% 594 189 9.7% 4.7% . . . Page 7 Financial Highlights - Standalone Revenue 6,028 Mn J -5.6%
Guidance — 2 items
TTL AGE
opening
We expect margins to improve as polymer prices have corrected.
TTL AGE
opening
It has grown at a 10% CAGR over FY16-FY21 and is pegged to clock a 11-12% CAGR over FY21-FY25.
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Risks & concerns — 2 flagged
Page 10 Financial Highlights - Consolidated Revenue = 16,076 Mn J 2.3% Consolidated revenues amidst weak global cues have remained resilient Revenue 16,076 16,446 plastic business Domestic degrowth primarily due to extended monsoon and supply chain disruptions.
TTL AGE
by growth in international food business witnessed partially decline offset This was OJARIN All figures in = Million EBITDA 2,328 EBITDA = 1,661 Mn J -28.6% Overall margin has come under pressure due to inflationary environment, higher energy cost and withdrawal of Covid linked labor subsidies in Europe.
TTL AGE
Speaking time
TTL AGE
2
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Opening remarks
TTL AGE
Tia ey) Le Revenue EBITDA Margin PAT Cash PAT 6,028 766 12.7% 123 251 6,385 931 14.6% 379 9 5.6% 17.7% . . . 14,646 1,861 12.7% 178 570 13,353 1,953 14.6% 594 189 9.7% 4.7% . . . Page 7 Financial Highlights - Standalone Revenue 6,028 Mn J -5.6% Cash PAT = 251 Mn above par geopolitical rainfall, Despite high unfavorable inflationary the company achieved 95% of its Q2FY22 revenue in a seasonally weak quarter environment, and input the profitability improved due costs margins, finance implementation cost post of higher While Q2FY23 affected cash savings in successful resolution plan during the to the debt Net Debt = 27.3 Bn The company is on track to achieve its debt reduction targets. The net debt position has improved by 12% over the course of last twelve months OJARIN All figures in = Million EBITDA 766 931 , Revenue 6,028 6,385 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Cash PAT 251 9 Net Debt 31,003 27,284 Q2FY23 Q2FY22 Sept-22 Sept-21 Page 8 Segment Reporting - Standalone YoY Revenue Hi-Tech Agri
TTL AGE
Tia ey) change Revenue EBITDA Margin PAT Cash PAT 16,076 1,661 10.3% 897 74 16,446 2,328 14.2% 1,083 1,921 2.3% 28.6% . . . 36,504 34,221 4,355 11.9% 954 691 4,966 14.5% 1,217 2,900 6.7% 12.3% . . . Page 10 Financial Highlights - Consolidated Revenue = 16,076 Mn J 2.3% Consolidated revenues amidst weak global cues have remained resilient Revenue 16,076 16,446 plastic business Domestic degrowth primarily due to extended monsoon and supply chain disruptions. by growth in international food business witnessed partially decline offset This was OJARIN All figures in = Million EBITDA 2,328 EBITDA = 1,661 Mn J -28.6% Overall margin has come under pressure due to inflationary environment, higher energy cost and withdrawal of Covid linked labor subsidies in Europe. We expect margins to improve as polymer prices have corrected. Further, higher demand will lead to better fixed cost absorption Net Debt = 63,754 Mn Consolidated debt stood at after considering the impact of MTM ( 671 Mn) during Q2 o
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